Amazon Discloses Prime Service Has Over 100 Million Subscribers

Amazon CEO Jeff Bezos has finally answered a question his company has declined to answer for more than a decade. This is the first time he's publicly stated how many Prime members the company has signed up.

For those who wonder how many Amazon Prime members there are on planet Earth, it's more than 100 million, Bezos said.

Among other highlights in the filing with the Securities and Exchange Commission, Bezos said the Amazon Web Services cloud-computing unit is on a $20 billion annual revenue run rate, and is accelerating its expertise in artificial intelligence.

Prime members pay $99 a year, or $49 for students, to receive free, expedited shipping on more than 100 million items.

Amazon'sannual proxy statement includes something you don't see every day: details on how much money the e-commerce giant spends with one of the nation's top newspapers.

Chief executive Jeff Bezos, in his annual shareholder letter, said Amazon shipped more than five billion items with Prime worldwide previous year and said more people were signing up for its paid-for service than ever before.

Analysts have suspected that about half of USA households pay for Amazon Prime membership.

Bezos also said 2017 was Amazon's best year yet for hardware sales.

Bezos kicked off the letter by doling out some advice on how to running a business.

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